That's wild in a world where payment processors also face pressure for people's transactions. Perhaps this could help establish the alternative practice/mainstreaming of crypto as a payment...
That's wild in a world where payment processors also face pressure for people's transactions. Perhaps this could help establish the alternative practice/mainstreaming of crypto as a payment method.
I use a site that accepts crypto and was blocked by PayPal after the recent kerffufle and wound up using Coinbase to buy the approprate amount of USDC and found it to be a pretty straightforward process.
The question for me, sorta, is how can this shift power from credit card companies? Would there be a ban on Stripe from MasterCard if I can get StripeUSD and do things MC doesn't like? That would largely affect the benefits of this.
If it does it'll be a Kodak sort of thing where them not jumping on it is through hubris. I suspect the more likely outcome is credit cards start adopting crypto to make sure they can...
The question for me, sorta, is how can this shift power from credit card companies? Would there be a ban on Stripe from MasterCard if I can get StripeUSD and do things MC doesn't like? That would largely affect the benefits of this.
If it does it'll be a Kodak sort of thing where them not jumping on it is through hubris. I suspect the more likely outcome is credit cards start adopting crypto to make sure they can control/benefit from the environment, and they've already got the infrastructure to handle it. That's assuming a valid profitable use case is found. Unlike digital photography it's obviously not as certain.
On the one hand, the website is less than useless. On the other, I do think payment processors, accounting, and things like that are where blockchain/crypto makes a lot of sense. I skimmed some...
On the one hand, the website is less than useless.
On the other, I do think payment processors, accounting, and things like that are where blockchain/crypto makes a lot of sense. I skimmed some comment from the HN topic on this subject about how it might allow them to make a LOT of interest on the money they transfer (feel like the number was 1.8b), but I also sorta mentally filed it all away to look at later and lost interest.
As always time will tell, but if any of this stuff is going to have a net use(beyond very niche needs), this is the use case.
That's wild in a world where payment processors also face pressure for people's transactions. Perhaps this could help establish the alternative practice/mainstreaming of crypto as a payment method.
I use a site that accepts crypto and was blocked by PayPal after the recent kerffufle and wound up using Coinbase to buy the approprate amount of USDC and found it to be a pretty straightforward process.
The question for me, sorta, is how can this shift power from credit card companies? Would there be a ban on Stripe from MasterCard if I can get StripeUSD and do things MC doesn't like? That would largely affect the benefits of this.
If it does it'll be a Kodak sort of thing where them not jumping on it is through hubris. I suspect the more likely outcome is credit cards start adopting crypto to make sure they can control/benefit from the environment, and they've already got the infrastructure to handle it. That's assuming a valid profitable use case is found. Unlike digital photography it's obviously not as certain.
On the one hand, the website is less than useless.
On the other, I do think payment processors, accounting, and things like that are where blockchain/crypto makes a lot of sense. I skimmed some comment from the HN topic on this subject about how it might allow them to make a LOT of interest on the money they transfer (feel like the number was 1.8b), but I also sorta mentally filed it all away to look at later and lost interest.
As always time will tell, but if any of this stuff is going to have a net use(beyond very niche needs), this is the use case.